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Va. could get $100M+ lithium-ion battery project
A $100 million-plus lithium-ion battery project could be coming to Virginia, the U.S. Department of Energy announced Monday, but a spokesperson for U.S. Sen. Mark Warner said North Carolina could also be in contention. MP Assets will build a facility to manufacture separators for lithium-ion batteries, bringing 282 permanent jobs and at least a $100 […]
Carpenter to acquire N.C. foam manufacturer
Richmond-based polyurethane foam manufacturer Carpenter has signed an agreement to acquire North Carolina-based NCFI Polyurethanes’ Consumer Products division, the company announced Wednesday. Carpenter declined to disclose financial terms of the transaction. The NCFI division has about 150 employees, who will join Carpenter’s 6,500-plus employees worldwide. With one location in Mount Airy, No[...]
Rockbridge tent manufacturer to expand, add 60 jobs
Natural Bridge-based fabric shelter systems manufacturer XFactor Solutions Global has leased 34,000 square feet to expand in Rockbridge County, with plans to create 60 jobs, Cushman & Wakefield | Thalhimer announced Thursday. The company, which acquired the assets of Creative Tent International in October, will use the industrial space at 70 Douglas Way in Natural […]
Former Lynchburg Chapstick factory sells for $1.9M
A 218,818-square-foot industrial property in Lynchburg where Chapstick was once manufactured has sold for $1.9 million, Cushman & Wakefield | Thalhimer said. Valley Properties purchased the industrial/manufacturing building, located at 1000 Robins Road, from KDC/One as an investment. KDC/One, a global contract manufacturer of personal beauty and home care items based in Canada, announced in [&[...]
Glass manufacturing operation to create 659 jobs in Prince George
PGT Innovations, a Florida-based manufacturer and supplier of windows and doors, will invest $54.3 million to establish a glass manufacturing operation in the former Rolls-Royce facility in Prince George County’s Crosspointe Logistics Center, creating 659 jobs, Gov. Glenn Youngkin announced Friday. Virginia competed with Arizona for the project. The plant will manufacture glass under the [&h[...]
$14.9M manufacturing facility coming to Russell County
Tate, a data center supplier, will invest $14.9 million to establish a new manufacturing facility in Russell County, creating 170 jobs, Gov. Glenn Youngkin announced Thursday. The new plant will focus primarily on data center component manufacturing and containment products to serve clients in Virginia and other data center sites. “I’m proud that the commonwealth […]
New IALR lab to feature ‘automagic’ manufacturing tech
Butch Kendrick once worked in a factory making plywood suitcase components. Each time he ran a strip of plywood through a planer, he heard a loud, screeching whine. “I would hear that noise in my head until I went to sleep,” Kendrick says. “And I’ve never forgot that. Anyone who works in manufacturing, if I […]
Richmond-Petersburg pharma coalition wins fed designation
Central Virginia’s pharmaceutical hub received a federal designation that could lead to millions in federal funding in the future, while a 3D printing consortium in the New River Valley and Danville won a $500,000 federal grant, the U.S. Department of Commerce announced Monday. A group of public and private sector partners conducting pharmaceutical research and […]
Fed’s Fifth District economy shrinks slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) contracted slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered [...]
Altria subsidiary NJOY sues 34 e-vapor businesses
Henrico County-based Altria Group’s NJOY e-vapor subsidiary filed a federal lawsuit Thursday against nearly three dozen U.S. and international manufacturers, distributors and retailers of e-vapor products, claiming that the businesses are selling products that are illegal under California’s flavored vape ban. The lawsuit, filed in the U.S. District Court of the Central District of Cali[...]
Envelope maker to expand in Bedford County
Forest-based Parkland Direct, a lithographic print and custom envelope manufacturer, will invest $10 million to expand in Bedford County, creating 41 jobs, Gov. Glenn Youngkin announced Tuesday. The company will add 50,000 square feet to its current 60,000-square-foot facility to increase production capacity with the addition of two converters and press machines. The family-owned business [&hellip[...]
Genedge names regional growth manager
Martinsville-based Genedge Alliance, a consultant to manufacturers statewide, has named Cheryl Valentine as its regional growth manager for the Southside region, the organization announced this week. Valentine will lead business development efforts to support manufacturers from Lynchburg throughout Southside Virginia, working with owners and senior executives of manufacturing, engineering and tech[...]
